Chase Memorial Nursing Home Co Inc

Analysis

Chase Memorial Nursing Home Co Inc is a registered charity in United States, based in New Berlin, NY. It received its IRS tax-exemption ruling in July 1969, 57 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chase Memorial Nursing Home Co Inc reported income of $7.7m and spending of $8.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $7.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chase Memorial Nursing Home Co Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Southwest Arkansas Counseling and Mental Health Center Inc ($7.7m), Hudson Vista Physician Services PC ($7.7m) and Vinland National Center ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $4.9m against liabilities of $1.7m, net assets of $3.2m. It reported 159 employees.